Silver X Mining Initiates Private Placement of Convertible Debentures

Silver X Mining Corp., based in Vancouver, has announced a brokered private placement offering of secured convertible debentures, aiming to raise up to C$60 million. Ventum Financial Corp. has been appointed as the sole agent. This offering is expected to close around February 18, 2026, subject to regulatory approvals.

The convertible debentures will bear an interest rate of 10.0% annually, with a five-year maturity. Investors can convert them into common shares at C$1.62 per share before maturity. The funds raised will support development projects, working capital, and corporate needs.

Silver X is focusing on advancing the Nueva Recuperada Property, as disclosed by CEO José García. The initiative aligns with the company's strategy to become a significant silver producer. However, the debentures won't be available for U.S investments due to registration restrictions.